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Siebert Cisneros Shank & Co., Williams Capital to merge

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Siebert Cisneros Shank & Co., Williams Capital to merge

Siebert Cisneros Shank & Co. LLC and Williams Capital Group LP will merge, with the combined company to be rebranded Siebert Williams Shank & Co. LLC.

The combined company will have headquarters in New York and in Oakland, Calif., and more than 15 offices across the U.S. Suzanne Shank will serve as president and CEO of the combined company, while Christopher Williams will serve as chairman. Henry Cisneros will become vice chairman and remain a principal of the combined company.

The deal is expected to close in early November with the renaming of the broker/dealer's holding company to Shank Williams Cisneros LLC. Equity holders of Shank Williams Cisneros will also include Janice Williams, Sean Duffy, William Thompson, Gary Hall, Jonathan Levin, DiAnne Calabrisotto, David Coard and David Finkelstein. The rebranding of the combined company will be effective Jan. 1, 2020.

Financial terms of the deal were not disclosed.